ASML and European Auto Suppliers: A Tale of Two Boats From 刻舟尋劍 to 斷臂求生 A Wake-Up Call

"In January 2025, JD Vance delivered a painful wake-up call to European politicians in Munich about geopolitical reality. Nobody delivered the same message to European industry leaders. Until now."

The geopolitical wake-up call that JD Vance delivered to European politicians at the Munich Security Conference has a direct industrial equivalent that nobody has yet spoken plainly. European semiconductor equipment makers and auto parts suppliers are navigating by marks they carved years ago, while the industrial current has swept their boat somewhere entirely different. This is not a criticism of their intelligence. It is an observation about institutional momentum colliding with an accelerating world.

刻舟尋劍: Searching at the Wrong Mark